Grain and soy markets have kicked off this new week with positive trade but thus far remain contained within last week’s ranges. Corn and, to a lesser extent, wheat have been the upside leaders as of late, but when you look at the overall progress the grains have made…
Market Commentary
Daily Comments
At first glance, the weekly corn export sales figure of 1,816,000 MT, or 71.5 million bushels, looks quite impressive, but that number was actually below even the lowest trade estimate. As noted previously, Mexico has been on a buying spree, and last week accounted for 63% of the net total,…
Daily Comments
It seems that we have arrived at the all-too-familiar midweek lull in the grain and soy markets, but this morning, there appears to have been something of a role reversal. Corn and wheat are trading defensively, while beans have posted meager gains. None of this really changes the current picture…
Daily Comments
Contrary to what you may have heard, the grain and soy markets can close higher, as was witnessed on Monday. The strength in wheat was mildly encouraging, less so in corn, as we still failed to push through critical resistance and downright anemic in beans. Only wheat has been able…